Jan. 7, 2014, 5:38 PM
Jan. 7, 2014, 4:56 PM
- Shares of Apollo Group (APOL) are up 3.2% AH as investors digest the company's Q1 results.
- Net revenue falls 22% Y/Y as University of Phoenix degreed enrollment slides 17.7%.
- New degreed enrollment slips 22.9% over the same period in 2013.
- FY14 outlook: Operating income of $400-450M on net revenue of $3-3.1B. Consensus on the top-line is $3.04B. (PR)
Jan. 7, 2014, 4:09 PM
Jan. 7, 2014, 12:10 AM
Jan. 6, 2014, 5:35 PM
Dec. 17, 2013, 4:19 PM
- Apollo Education (APOL) agrees to buy a majority stake in Open Colleges Australia, and will purchase 70% of the common stock for about $98,5M, plus contingent payments of up to $47M. Apollo has an option for the remaining 30% of the company.
- The deal is expected to close in 2014 FQ2.
- Shares +0.2% AH
- Press release
Nov. 14, 2013, 10:28 AM
- Markel's (MKL) Tom Gayner added five new stocks to the company portfolio in the last quarter, and he likes fertilizers and private equity, buying 150K shares of Mosaic (MOS) and 70K shares of Potash (POT), 100K shares of Apollo Global (APO), 105K shares of Apollo Group (APOL), and 10K shares of Copart (CPRT). In addition to the Apollo Global purchase, he greatly boosted stakes in KKR, Blackstone (BX), and Carlyle Group (CG).
- He completely sold out of positions in Quaterra Resources (QMM) and Union First Market Bankshares (UBSH).
- CarMax (KMX) remains his portfolio's top holding at 8.4%, but Gayner did cut his stake by 1.46%.
Oct. 23, 2013, 12:46 PM
Oct. 23, 2013, 9:11 AM
Oct. 22, 2013, 5:50 PM
Oct. 22, 2013, 4:39 PM
- FQ4 revenue of $845M is off 15% Y/Y with University of Phoenix enrollemtn down 18.1% to 269K. Operating income of $34.7M is off 61%.
- FY2014 revenue guidance of $2.95B-$3.05B and operating income of $375M-$450M. Fixed operating costs are expected to be cut by a minimum $300M, bringing the cost base to $650M or 18% lower than FY2012.
- Conference call at 5 ET.
- FQ3 results, press release.
- APOL +13% AH.
Oct. 22, 2013, 4:20 PM
Oct. 22, 2013, 12:10 AM
Oct. 21, 2013, 5:35 PM
Oct. 9, 2013, 8:05 AM
- The for-profit education sector could see some action today after K12 reported enrollment figures below expectations and received several harsh downgrades due to the low demand the company expects.
- In premarket trading, K12 (LRN) has cratered and is down 23.4%.
- On watch: CECO, APOL, STRA, COCO, ESI, ITT, BPI, LINC, DV.
Aug. 1, 2013, 1:01 PM
APOL vs. ETF Alternatives
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